Gurvinder Nokwal REALTOR®
For Sale Multiplex 110 days on market

$999,900

Est. payment $4,427/moCalculate yours

376 Burwell Street, London East, ON N6B 2W2

East, London, ON N6B 2W2

  • 11 Beds
  • 7 Baths
  • 3,500 Sq Ft
Map

Listing courtesy of PRIME REAL ESTATE BROKERAGE MLS® X13506184

About this home

Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London’s downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price!

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
New
Size
3,500 sqft

Interior

Bedrooms
11
Bathrooms
7
Kitchens
7
Basement
Unfinished

Building & Systems

Heating
Baseboard (Electric)
Cooling
None
Exterior
Brick
Foundation
Brick
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
56 x 77.4 Feet
Parking
None garage · 2 total
Zoning
OR

Financial

Property Taxes
$8,332 (2025)

Location

Neighbourhood
East
Cross Street
Burwell / King
Direction Faces
East

Listing

MLS® Number
X13506184
Days on Market
110
Listed On
2026-06-30
Possession
Flexible
Listed By
PRIME REAL ESTATE BROKERAGE

Features

Interior

  • None

Property

  • Arts Centre
  • Hospital
  • Library
  • Place Of Worship
  • Public Transit

Pool

  • None
Included
Refrigerator x7 / Stove x7 / Hot Water Tank x1
Excluded
Tenant's Belongings
Rental items
Hot Water Tank x4 / Coinamtic (Washer/Dryer)

Mortgage calculator

Minimum for this price: $74,990 (7.5%)

Amortization, years

Estimated mortgage payment

$4,427 per month

Principal and interest
$4,427
Property tax
$694
Estimated monthly cost
$5,122

Your mortgage

Mortgage amount
$799,920
Mortgage insurance
Not needed
Interest over 25 years
$528,282

Cash to close

Down payment
$199,980
Land transfer tax
$16,473
Total, before legal fees
$216,453
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

376 Burwell Street, London East, ON N6B 2W2 East, London, ON N6B 2W2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$999,900 376 Burwell Street, London East, ON N6B 2W2
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